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Green Fund Application Process & Lessons Learned SALGA WORKSHOP, DURBAN 28 November 2013

Green Fund Application Process & Lessons Learned SALGA WORKSHOP, DURBAN 28 November 2013 Michelle Layte Green Fund. Presentation Outline. Green Fund Overview Green Fund Programming Funding Design & Finance windows Initial Response & Lessons. Green Fund Overview.

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Green Fund Application Process & Lessons Learned SALGA WORKSHOP, DURBAN 28 November 2013

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  1. Green Fund Application Process & Lessons Learned SALGA WORKSHOP, DURBAN 28 November 2013 Michelle Layte Green Fund

  2. Presentation Outline • Green Fund Overview • Green Fund Programming • Funding Design & Finance windows • Initial Response & Lessons

  3. Green Fund Overview • In 2012, National Treasury allocated an initial R800 million for financial years (FY2012/13- FY2014/2015) for the set-up & establishment of a Green Fund. • DBSA appointed as implementing partner, effective from 1 April 2012, and confirmed through the signing of the MoA with DEA (Department of Environmental Affairs) • Phase 1- Establishment (May 2012- Oct 2012) • Phase 2- Building Project Pipeline (Aug 2012- March 2013) • 1st Public RFP (Sept – Oct 2013) • 2nd Research RFP (Feb – March 2013)

  4. Green Fund Programming • The Green Fund aims to: • promote innovative and high impact green programmes and reinforce climate policy objectives through green interventions, • Build an evidence base for the expansion of the green economy & attract additional resources

  5. Funding & Window Design

  6. Application Process • 1st Public Request for Proposals (RFP): 21st of September 2012 - 24th of October 2012 • Project Finance • 590 applications worth R10.9 billion were received and evaluated based on the eligibility criteria outlined below. • 2nd Public RFP: issued 1 February 2013, closed on 28 March 2013 • Research & Development • 155 applications worth R1.6 billion were received and evaluated based on the eligibility criteria • Criteria stipulated in Application Guidelines

  7. RFP Submissions- Key sectors in the research and project applications

  8. Applicant Types

  9. Geographical Spread

  10. Green Fund- Initial Lessons • Positive Funding Demand: Request through RFP process amounting to R10,9 billion, mostly for initiating & scale-up of start-up projects in the following sectors: renewable energy, waste technologies & systems for efficient water management, innovative modalities for sustainable city planning • Appetite & uptake from private sector, local government, however limited NGO response. The Research RFP shows greater interest by Research Institutions (universities, CSIR, HSRC) • Geographic spread- uptake mostly from GP, WC, KZN and EC

  11. Green Fund- Initial Lessons • What are the under-represented sectors & provinces telling us about the process & “applicant” readiness to access finance? • Process Issues • Access to information – RFPs advertised in all national newspapers, Green Fund website • Timeframe for submission • Web-based application system to preserve integrity of submissions

  12. Green Fund- Initial Lessons • What are the under-represented sectors & provinces telling us about the process & “applicant” readiness to access finance? • Applicant Readiness • Not meeting Eligibility Criteria (Application Guidelines) • Relevance- fit the thematic funding window and focus area • Innovation- proposal is new and unique in the green economy space (technology, business model, institutional arrangements, or financing approach) • Additionality- project cannot proceed without the Green Fund’s financial support and a funding gap should be demonstrated • Ability to scale up and/or replicate- project has the potential to be rolled out to other sites and/ or to be implemented at a larger scale • Incoherent proposal & methodology response to criteria • Unclear budget requests, usually not costed or breakdown provided • Supporting documentation not provided (eg. Municipal supporting letter)

  13. THANK YOU Michelle Layte Green Fund- Secretariat Manager Development Bank of Southern Africa (DBSA) +27 11 313  5237 (office) +27 11 206 5237 (fax) Website: www.sagreenfund.org.za

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